How are WTV iron condor max profit and max loss calculated?

Max profit equals the net credit times 100 inside the inner strikes; max loss equals wing width minus credit times 100. Two breakevens at inner strikes plus and minus the credit. For the WTV iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 20.90%), the computed maximum profit is $52.00 per contract and the computed maximum loss is -$448.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a WTV iron condor?

The breakeven for the WTV iron condor priced on this page is roughly $96.55 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current WTV market-implied 1-standard-deviation expected move is approximately 5.99%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current WTV implied volatility affect this iron condor?

WTV ATM IV is at 20.90% with IV rank near 23.73%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.

WTV Iron Condor Strategy

WTV (WisdomTree U.S. Value Fund), in the Financial Services sector, (Asset Management - Global industry), listed on AMEX.

This actively managed, model-driven exchange-traded fund (ETF) aims to achieve its investment goals by primarily allocating capital to U.S. equity securities. It focuses on companies demonstrating high 'total shareholder yield' alongside robust profitability metrics, such as strong return on equity (ROE) and/or return on assets (ROA). The portfolio predominantly features stocks from businesses either based in the U.S. or listed on an American exchange. While typically concentrating on large- and mid-capitalization firms, the fund retains the flexibility to invest across all sectors. It is classified as a non-diversified fund.

WTV (WisdomTree U.S. Value Fund) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $2.99B, a beta of 0.90 versus the broader market, a 52-week range of 84.62-104.43, average daily share volume of 171K, a public-listing history dating back to 2007. These structural characteristics shape how WTV etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.90 places WTV roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. WTV pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on WTV?

An iron condor sells a call spread and a put spread at strikes outside spot, collecting net premium that is kept if the underlying stays inside the inner short strikes.

Current WTV snapshot

As of June 30, 2026, spot at $101.78, ATM IV 20.90%, IV rank 23.73%, expected move 5.99%. The iron condor on WTV below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 52-day expiry.

Why this iron condor structure on WTV specifically: WTV IV at 20.90% is on the cheap side of its 1-year range, which means a premium-selling WTV iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 5.99% (roughly $6.10 on the underlying). The 52-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated WTV expiries trade a higher absolute premium for lower per-day decay. Position sizing on WTV should anchor to the underlying notional of $101.78 per share and to the trader's directional view on WTV etf.

WTV iron condor setup

The WTV iron condor below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With WTV near $101.78, the first option leg uses a $107.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed WTV chain at a 52-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 WTV shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$107.00	$0.81
Buy 1	Call	$107.00	$0.81
Sell 1	Put	$97.00	$0.60
Buy 1	Put	$92.00	$0.08

WTV iron condor risk and reward

Net Premium / Debit: +$52.00
Max Profit (per contract): $52.00
Max Loss (per contract): -$448.00
Breakeven(s): $96.55
Risk / Reward Ratio: 0.116

Max profit equals the net credit times 100 inside the inner strikes; max loss equals wing width minus credit times 100. Two breakevens at inner strikes plus and minus the credit.

WTV iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on WTV. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$448.00
$22.51	-77.9%	-$448.00
$45.02	-55.8%	-$448.00
$67.52	-33.7%	-$448.00
$90.02	-11.6%	-$448.00
$112.53	+10.6%	+$52.00
$135.03	+32.7%	+$52.00
$157.53	+54.8%	+$52.00
$180.03	+76.9%	+$52.00
$202.54	+99.0%	+$52.00

When traders use iron condor on WTV

Iron condors on WTV are a delta-neutral premium-collection structure that profits if WTV etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.

WTV thesis for this iron condor

The market-implied 1-standard-deviation range for WTV extends from approximately $95.68 on the downside to $107.88 on the upside. A WTV iron condor is a delta-neutral premium-collection structure that pays off when WTV stays inside the inner short strikes through expiration; the wing width should reflect the trader's tolerance for the maximum loss scenario where the underlying breaches an outer strike. Current WTV IV rank near 23.73% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on WTV at 20.90%. As a Financial Services name, WTV options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to WTV-specific events.

WTV iron condor positions are structurally neutral / range-bound; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. WTV positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move WTV alongside the broader basket even when WTV-specific fundamentals are unchanged. Short-premium structures like a iron condor on WTV carry tail risk when realized volatility exceeds the implied move; review historical WTV earnings reactions and macro stress periods before sizing. Always rebuild the position from current WTV chain quotes before placing a trade.

Frequently asked questions

What is a iron condor on WTV?: A iron condor on WTV is the iron condor strategy applied to WTV (etf). The strategy is structurally neutral / range-bound: An iron condor sells a call spread and a put spread at strikes outside spot, collecting net premium that is kept if the underlying stays inside the inner short strikes. With WTV etf trading near $101.78, the strikes shown on this page are snapped to the nearest listed WTV chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are WTV iron condor max profit and max loss calculated?: Max profit equals the net credit times 100 inside the inner strikes; max loss equals wing width minus credit times 100. Two breakevens at inner strikes plus and minus the credit. For the WTV iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 20.90%), the computed maximum profit is $52.00 per contract and the computed maximum loss is -$448.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a WTV iron condor?: The breakeven for the WTV iron condor priced on this page is roughly $96.55 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current WTV market-implied 1-standard-deviation expected move is approximately 5.99%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a iron condor on WTV?: Iron condors on WTV are a delta-neutral premium-collection structure that profits if WTV etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current WTV implied volatility affect this iron condor?: WTV ATM IV is at 20.90% with IV rank near 23.73%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.